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Barrick taps Michael Klein as advisor on Zaldivar mine options-sources

By: Reuters     Updated 3 hours ago Barrick Gold is being advised on options for its Zaldivar copper mine in Chile by the boutique firm of mining rainmaker Michael Klein, in a deal potentially worth around $2-billion, three sources familiar with the matter said on Monday. Toronto-based Barrick has already contacted a limited group... 

PTM pushes Waterberg resources limit 3.4 km northwards

By: Henry Lazenby Vancouver-based Platinum Group Metals (PTM) has extended the northern limit of the known Waterberg Extension deposit, located on the Northern Limb of South Africa’s Bushveld Igneous Complex. PTM on Monday announced that new intercept WE 049 was located 3.4 km northward beyond the previous... 

A year on, Randgold is looking for more Kibali ounces

By: Henry Lazenby After a year of operations, LSE- and Nasdaq-listed Randgold Resources was turning its focus to finding more reserve ounces at the Kibali mine, in the Democratic Republic of Congo (DRC) to secure its future as a long-life mine and one of Africa’s largest gold producers. Randgold developed and... 

Solvista Gold and Rockcliff Resources inks merger accord to further Manitoba projects

By: Henry Lazenby TSX-V-listed juniors Solvista Gold and Rockcliff Resources had signed a definitive amalgamation agreement on Friday that would see Solvista acquire all of the issued and outstanding common shares of Rockcliff. The all-scrip transaction would combine Rockcliff’s Snow Lake copper/gold/zinc/silver... 

HudBay to expand Manitoba assets through Snow Lake acquisition

By: Henry Lazenby HudBay Resources has entered into a definite agreement to buy a 100% interest in QMX Gold’s Snow Lake project, located in Snow Lake, Manitoba, which was expected to provide it with more operational flexibility as its nearby Lalor mine transitioned from the current zinc-and-copper-rich lenses to... 

HudBay to expand Manitoba assets through Snow Lake acquisition

Nautilus Minerals awards Siemens entire support vessel electric contract

By: Henry Lazenby Prospective marine miner Nautilus Minerals has awarded the entire electrical installation contract for its support vessel currently being designed and built by Fujian Mawei Shipbuilding, based in Fujian province, in south-eastern China, to Siemens International Trading (Shanghai), a subsidiary of... 

Ivanhoe Mines and Zijin Mining Group closes $85m private placement

By: Henry Lazenby Africa-focused project developer Ivanhoe Mines and China-based Zijin Mining Group have closed a $85-million private placement, boosting the miner’s working capital and available funds for general corporate purposes, and advancing the company’s three main projects. Zijin acquired a 9.9% stake in... 

AMCU condemns attacks, calls for revision of policies

By: Megan van Wyngaardt The Association of Mineworkers and Construction Union (AMCU) on Monday condemned the recent xenophobic attacks against fellow Africans. “South Africans need to realise that no amount of attacks on our neighbours will change our economic situation. We need to work together to better the economic... 


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